Fund a Business Transfer:

Selling a business interest involves a substantial amount of planning. Essentially, such planning involves finding a willing buyer, preferably amoung surviving partners or stockholders, or perhaps among employees of the business. In any type of arrangement, an important ingredient is an agreement by the buyer and the seller that, in the event of death, the deceased’s business interest will be sold at a predetermined price. Such an agreement is called a buy-sell agreement. As you can imagin, an essential provision in such an agreement is the funding provision. Without funds to buy, even the most carefully prepared buy-sell agreement is scarcely worth the paper it’s printed on.